Q4 EPS Estimates for Cargojet Cut by National Bank Financial

Cargojet Inc. (TSE:CJT) – Investment analysts at National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for Cargojet in a research note issued on Monday, January 20th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.41 for the quarter, down from their prior forecast of $1.65. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period last year, the company posted $0.30 EPS.

A number of other analysts have also issued reports on the stock. National Bankshares lowered their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Tuesday. ATB Capital lowered their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. TD Securities reduced their target price on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Finally, Scotiabank dropped their price objective on Cargojet from C$174.00 to C$170.00 in a research note on Monday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cargojet currently has an average rating of “Moderate Buy” and a consensus target price of C$160.50.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$123.10 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The stock’s fifty day moving average is C$114.89 and its two-hundred day moving average is C$125.64. Cargojet has a 52 week low of C$100.01 and a 52 week high of C$144.97. The company has a market capitalization of C$1.99 billion, a PE ratio of -129.58 and a beta of 0.91.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s payout ratio is currently -147.37%.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.